Government Reporting
Baden Retirement Plan Services, an independent third party administrator (TPA), assists clients in reporting certain required information to government entities for
tax qualified defined contribution plans, such as
401(k) plans. Plan sponsors (employers) are required to file an annual return, or report, with the Federal government called a
Department of Labor (DOL) Form 5500 Annual Return/Report of Employee Benefit Plan. The DOL Form 5500 is designed to disclose information about the plan and its operation to the Department of Labor (DOL), the plan’s participants, and to the public. The Internal Revenue Service (IRS) also requires plan sponsors to submit completed forms annually.
Baden facilitates the government forms filing process for its clients:
- The DOL requires plan sponsors to electronically file the Form 5500 or Form 5500-SF schedule by using the EFAST2 on-line filing system available on the DOL's website.
- The Internal Revenue Services (IRS) requires that plan sponsors annually file the Form 5500-EZ or the Form 8955-SSA.
Contact Us with questions about how to compile the census information required to complete forms, the electronic filing process, and due dates for government reporting.